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Life Health > Annuities > Fixed Annuities

Bank Annuity Sales Down 18%

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Despite a slight rebound in variable annuity volume, total sales of annuities through banks and savings institutions fell 18% between June 2004 and June 2005, to $3.6 billion, according Kenneth Kehrer Associates.[@@]

Bank sales of fixed annuities fell 31%, to $2 billion, as sales of variable annuities rose 7%, to $1.6 billion, according to Kenneth Kehrer, Princeton, N.J.